Business

Ease of Doing Business: How we’ll put Nigeria among top 100 countries –Buhari  

 

President Muhammadu Buhari has said his administration targets putting Nigeria in the top 100 countries in the world in the ease of doing business ranking of the World Bank by 2019.

The President stated this at the ongoing 6th Tokyo International Conference for African Development, TICAD, during the ‘Dialogue with the Private Sector’ event, adding that his administration has put in place the Presidential Enabling Environment Council, PEEC, that will coordinate efforts in that regard.

Nigeria is currently ranked 169 out of 189 countries on the ease of doing business ranking of the World Bank.

 

The president said: ‘‘In furtherance of this vision, we have launched the Presidential Enabling Environment Council, PEEC and Inter-Ministerial Council to oversee the efforts of government to remove various bottlenecks that stifle businesses and economic activities and thereby create economic activities and the right enabling environment and investment climate in Nigeria.

 

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‘The secretariat will include strong private sector representation that would be led by experienced business professionals from the private sector.

‘‘We are committed to moving up the ranking of the World Bank’s ease of doing business index 20 places in first year and be in the top 100 within the next 3 years’’.

According to Buhari, the objective is to make Nigeria will one of the most attractive and easiest places of doing business in the world, adding that his administration’s vision and objective is to make Nigeria one of the top investment destinations in the world, within the shortest possible time.

‘‘We believe government has a particular responsibility to create right and attractive environment for businesses and economic activities to thrive, President Buhari told the session that had the Japanese Prime Minister Shinzo Abe and top business executives in attendance.
In the same vein, President Buhari, Saturday night, assured that the country will ensure that foreign investments in the country are secured and well protected.

President Buhari stated this during a bilateral meeting with the Japanese Prime Minister, Shinzo Abe, adding that his administration has taken steps to secure the country.

According to the president, after the defeat of Boko Haram by the Nigerian military, the next priority of government was to stop militants in the oil rich Niger Delta from destroying the country’s economic interests.

Sounding tough, the president said it was in the best interest of the militants to dialogue with government if they are not to be treated the way of Boko Haram insurgents.

“We are talking to some of their leaders. We will deal with them as we dealt with Boko Haram if they refuse to talk to us.

“As a government, we know our responsibility, which is to secure the environment. It is clear to us that lenders won’t fund projects in insecure environments.

“We realize that we have to secure the country before we can efficiently manage it,” the President said.

 

 

 

 

 

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Ripples Nigeria

We are an online newspaper, very passionate about Nigerian politics, business and their leaders. We dig deeper, without borders and without fears.
www.ripplesnigeria.com

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